Naturally, it will take a while for the dust to settle following the election result, but it’s crucial that the focus on housing supply solutions are not derailed in the meantime
The latest data and analysis from ONS and Land Registry has revealed that average house prices in the UK increased by 5.6% in the year to April, up from 4.5% in the year to March.
- According to the UK HPI, the monthly price change for a property in the UK was recorded at 1.6% with the average UK house price now standing at £220,000.
- The figures also revealed that the East of England showed the highest annual growth, with prices increasing by 8.1% in the year to April 2017
- This was followed by the South West at 6.8%. The lowest annual growth was in the North East, where prices increased by 0.6% over the year.